FINANCE
Newsom Pledges to Pay Off Past-Due Rent, Extend Calif. Eviction Ban
(Headline USA) California Gov. Gavin Newsom may be counting on renters and landlords will turning up more than concerned taxpayers in the state's upcoming recall election.
Newcom said California will pay off all the past-due rent that accumulated in the nation's most populated state because of the fallout from the...
Why Many Remote Job Postings Now Exclude One State
(Brad Polumbo, Foundation for Economic Education) The pandemic has undoubtedly hastened the shift to remote work.
Many workers and companies have now embraced remote work in previously office-based positions, and this is continuing even as the economy reopens and new jobs are posted.
Many new remote positions are being posted advertising...
STUDY: Unemployed Households Can Earn $25/Hour on Welfare in 21 States
(Brad Polumbo, Foundation for Economic Education) The US economy is in a perplexing state of labor market purgatory.
We have 9.3 million unfilled job openings, all while millions of Americans remain on unemployment benefits and millions more are opting out of the labor force entirely.
In short, a labor shortage is throttling...
Harvard (Accidentally) Reveals How Lockdowns Crushed Workers, Propped Up Elites
(Brad Polumbo, Foundation for Economic Education) Founding father and the second president of the United States John Adams once said that “Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
What he meant...
Delta CEO Appears to Backpedal on Ga. Voting Reforms; Promises ‘Bipartisan’ Approach
Delta Air Lines CEO Ed Bastian on Thursday distanced the company from its opposition to Georgia's recently passed election-integrity law and announced a new commitment "collaborative solutions on this important issue," according to a press release from the National Center for Public Policy Research.
Bastian did not explain the reasons...
Jobless Claims Spike as Economic Recovery Remains Uncertain
(Casey Harper, The Center Square) The number of people filing new unemployment claims spiked last week, the latest economic indicator that's troubling economists.
Data released by the Department of Labor Thursday showed that for the week ending June 12, unemployment claims hit 412,000, a jump of 37,000 from the previous week....
Conservative Former Congressional Candidates Say Wells Fargo Closed Their Accounts
Two prominent conservatives have had their bank accounts with Wells Fargo shut down in the last 24 hours and each is raising the specter that the closures have to do with their politics, not their finances.
Lauren Witzke, a presenter for TruNews, a Christian broadcast network, and an America First...
SWEAT THREAT: Wind, Solar Shortcomings Force Texans to Dial Back Electricity Use
(Bethany Blankley, The Center Square) The Electric Reliability Council of Texas (ERCOT), the regulatory agency that manages Texas’s power grid, said tight grid conditions are expected this week due to high number of forced generation outages, and urged Texans to conserve energy.
The announcement came one month after it published its...
IRS: Texas Grew by 114K Taxpayers and $4B in Gross Income
(Robert Davis, The Center Square) Texas welcomed new residents of all ages and incomes in the years leading up to the COVID-19 pandemic, according to recent Internal Revenue Service data.
The data was collected for tax years 2018 and 2019, meaning it represents the tax filings from 2017 and 2018.
The data reflects migratory...
Key Price Index Rises at Record Rate, Adding to Inflation Woes
One key reading of the misery index for U.S. consumers is continuing to rise, according to data released by the Bureau of Labor Statistics.
The "misery index" is calculated by adding unemployment to inflation.
Wholesale prices (PPI), driven by rising food costs, increased 0.8% in May and by a unprecedented amount...
Four News Events That Could Drive Bullion Demand
(Clint Siegner, Money Metals News Service) The halfway point of the year is quickly approaching.
Dwindling confidence and concern over the direction of the country along with rising inflation expectations continue to drive strong demand for physical gold and silver.
That trend appears set to continue through the second half of 2021.
Here...
Dressing Like a Slob at Work, Church are Destroying America’s Dry-Cleaning Industry
Stay-at-home culture during the coronavirus panic has not only encouraged bad habits---such as maintaining a more slovenly appearance---but it also threatens to destroy job-creating small businesses, many of which offer financial lifelines to working-class immigrants.
Now, in order to save the country, it's time to start wearing ties again.
As the...
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